Reversal of unrealised gain on foreign exchange
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 August 2012
hi, whether the unrealised gains accounted on monetary items (debtors) at the year end as at 31st march 2011 should be reversed subsequently in the next financial year eg:0n 1st april, 2011.
Please advise.....
Please advise.....
12 August 2012
Either reverse full and book a new entry
or
Pass incremental entry.
both are accpetable.
or
Pass incremental entry.
both are accpetable.
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